[Finance Series] how about the progress of tax rebate?

Recently, the State Administration of Taxation disclosed the "semi monthly report" of large-scale VAT rebate. According to the data, from April 1 to 15, 420.2 billion yuan of tax rebates were returned to the accounts of 527000 taxpayers, and 28% of the annual tax rebate was completed in half a month. In terms of enterprise scale, 510000 small and micro enterprises, accounting for 96.8%, are the main tax rebate group, involving a tax rebate amount of 242.2 billion yuan, accounting for 57.6%, mainly the stock tax allowance of micro enterprises and the incremental tax allowance of small and micro enterprises since April 1; 17000 large and medium-sized enterprises, accounting for 3.2%, involving a tax rebate of 178 billion yuan, accounting for 42.4%. According to the previous tax rebate arrangement, the tax rebate amount of large and medium-sized enterprises is mainly the incremental tax allowance of enterprises in manufacturing and other industries since April 1. A sample survey of enterprises that have received tax refund funds by the tax department shows that the tax refund received by enterprises is mainly used to expand production, technology research and development, purchase raw materials, pay wages, etc., of which enterprises used to expand production account for 28.1% and funds account for 44.5%.

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